Faridabad

There are four mammoth townships being planned in and around the Faribabad town. The Business Park Town Planners (BPTP ParkLand) is constructing one of the biggest townships in the country. It is spread over 1,000 acres of land and soon 500 acres will be added to this township. Plans are being finalized to build thousands of residential units including apartments, villas and plots.

Residential Projects like 'The Forest' by Omaxe is a prime example of posh residential development in Faridabad. People are seeking ultra modern living combined with the aesthetics of finest in luxury. Though the prices of the residential property have gone up but still lesser than that of Noida and Gurgaon. Hence, it is going to give more returns in a long term investment.

Faridabad is a city with truly international style of living and also a very propitious place for the purchase of property. This market will mature faster than either Gurgaon or Noida. It would be a typical upper middle class destination with better connectivity and facilities. It is not only a suburb to Delhi but is a city in its own right with a population crossing two million.

Faridabad is the industrial hub of Haryana and has more than 300 large and 10,000 small scale industries. Lot of new industries add to the list at regular time period. With increased industrial and commercial activity the real estate market is going to witness a boom ahead. Various civic agencies like HUDA and MCF are coming forward to develop the area as a whole. Special attention has been given to infrastructural development to support the industrial growth.

Some of the major industries that are functioning in Faridabad are Apparel, Arts & Crafts, Automotive, Ayurvedic & Herbal, Computers, Construction, Electrical & Electronic, Industrial Goods, Plant & Machinery, Services and Tools & Equipment.

Till now, Faridabad has been in the shadows of the scale of suburban development in Gurgaon and Noida. The scenario has changed over the last few years as there has been significant interest generated in this suburb on the back of mall, IT and residential developments, which were hitherto witnessed in other prime suburbs.

Even as the prime suburbs of Gurgaon and Noida have become costlier for the commercial buyers, Faridabad has emerged as a viable alternative, considering its connectivity to Delhi. Several commercial projects are in the pipeline that are expected to materialize in the next few years. These commercial projects are also as vast and as elegant as the residential projects. Many shopping arcades and malls are functional as of now and still more are in the pipeline. There are five malls coming up in the city in another year.

The Faridabad market, which was not considered hot at one time, has shown great potential of growth in the last one year. With big malls, offices and hotels coming up in the area, the state government and private builders are keen on building a good infrastructure. The prices are bound to go up. Faridabad has an established urban and social infrastructure in place and that is very ideal for commercial purposes.